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Investment Highlights
- Freestanding restaurant building
- Large 1.15 acre parcel
- 45 parking spaces
- 1,584 SF | Two stories
- 173’ frontage on Indiana Ave
- Multiple commercial zoning designations (NC / I / UI)
Executive Summary
Exceptional commercial opportunity spanning seven parcels (over an acre total), offering extensive space, two structures, and flexible use potential! 3-way liquor license. The main building features a former bar on the main level with an ideal layout for a restaurant, lounge, or entertainment venue. The upper level provides two areas previously used for private events, including graduations, parties, and community gatherings. A spacious outdoor patio enhances the property's entertainment appeal and is well-suited for outdoor dining, live music, seasonal events or your own Quinceaera! This amazing opportunity provides significant versatility for redevelopment, owner-operation, or investment. The property is being sold in as-is condition. Request your appointment today! Motivated seller!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,436 SF
Building Class
C
Year Built
1923
Price
$250,000
Price Per SF
$45.99
Tenancy
Single
Building Height
2 Stories
Building FAR
0.11
Lot Size
1.15 AC
Zoning
NC, I, UI - Commercial
Parking
45 Spaces (28.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Property Taxes
| Parcel Number | 71-08-14-302-007.000-026 | Improvements Assessment | $70,600 |
| Land Assessment | $3,600 | Total Assessment | $74,200 |
Property Taxes
Parcel Number
71-08-14-302-007.000-026
Land Assessment
$3,600
Improvements Assessment
$70,600
Total Assessment
$74,200
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1505 W Indiana Ave
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